New vehicle inventory continues to suffer as a result of the ongoing global microchip shortage, including for the Chevy Trailblazer crossover.
According to a recent report from Cox Automotive, the Chevy Trailblazer crossover hovered just under 20 days’ supply last month. That places it alongside models like the Toyota Highlander, Toyota Camry, Jeep Wrangler, and Subaru Outback, all of which also had around 20 days’ supply.
Per the Cox Automotive report, new-vehicle inventory this year is well below the figures recorded in 2020 and 2019, with 1.4 million fewer vehicles than in 2020, and more than 2.5 million fewer vehicles than in 2019.
Meanwhile, new-vehicle rolling sales are down 19 percent compared to 2020, and down 23 percent compared to 2019. Strong consumer demand continues in conjunction with the economic recovery, but sales are undoubtedly heavily impacted by the lack of supply. What’s more, the average listing price continues to climb, growing at a rate of nine percent and reaching a new high of $42,000.
On average, available inventory for the Chevrolet brand remains quite low compared to other brands, hovering around 24 days’ supply. Supply for GMC is even lower at roughly 22 days’ supply. Meanwhile, the national average is around 31 days’ supply. By comparison, supplies for General Motors’ crosstown rival, Ford, are relatively high at 52 days’ supply.
With regard to vehicle segments, high-performance cars and luxury full-size SUVs/crossovers had the lowest available days of supply at 13 days and 20 days, respectively. Full-size SUVs/crossovers and mid-size pickups were also below the national average of 30 days at 25 days for both segments. Interestingly, supply for full-size pickups was well above the national average at 43 days, likely a result of rapidly declining sales in the segment.
Undoubtedly the largest contributing factor in the low new-vehicle supply is the ongoing global microchip shortage. General Motors has worked to combat the effects of the shortage by employing multiple strategies, including a producing vehicles in an unfinished state, then parking said vehicles as new microchips are sourced, only to complete the vehicles later. General Motors has also elected to delete certain microchip-intensive features from select models, such as AFM/DFM from the GMC Sierra and Chevy Silverado.